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Updated almost 6 years ago,
FHA Mortgage Question
My brother and I are currently on the search to purchase a primary residence with a FHA loan in MA.
We are looking at 2/3/4 unit residential properties mostly.
Today we came across an off market deal from a family friend. She has 2 homes for sale (right next door to eachother, on separate lots). A 3 bedroom and a 1 bedroom home.
Question 1: Is it possible to buy both properties together under 1 FHA mortgage?
Question 2: Could we move into the larger home and rent out the 2nd? (I’m assuming no)
I have minimal experience with residential loans, my current rentals are commercial.
Thanks!
Jeff